Forex Chart Analysis Trendlines, highs and lows, and Market Map

Forex Chart Analysis Trendlines, highs and lows, and Market Map
Hi traders, today we are taking a forex chart and doing a multi stage general chart analysis. We are using three separate methods to find the trend of the market and important points of resistance and support in the market.

Trendlines:
Using the trendlines, we are able to see an expected move in the market, not a level of support and resistance. This expected move helps us determine the best time to be short a market (near the upper band of the trendline).

Highs and lows:
This gives us the trend of the market, and important levels of support and resistance that we can base our trading stops off of, and key price action levels where we can prepare for sudden drops in the market.

Market Profile:
Market profile and here we are using market map, can give us an area of support and resistance in the market outside of the highs and lows, and based off of the actual volume of trades at specific levels.

Видео Forex Chart Analysis Trendlines, highs and lows, and Market Map канала EnvisionChart Market Profile